Medical Properties Trust Leases $1.2 Billion Utah Hospital Portfolio to CommonSpirit Health in 2023.
February 17, 2023
Trending News ☀️
The portfolio of hospitals that Medical Properties Trust ($NYSE:MPW) is leasing to CommonSpirit Health includes nine hospitals and several ancillary medical facilities located throughout the state of Utah. These include Lone Peak Hospital, Mountain View Hospital, Ashley Regional Medical Center, Central Valley Medical Center and seven others. The agreement between Medical Properties Trust and CommonSpirit Health will commence in 2023, with the option for extension once the original term has expired.
Additionally, the agreement includes provisions to have CommonSpirit Health pay for any capital improvements needed for the properties over the course of the lease. Medical Properties Trust’s Utah portfolio marks one of the largest single-asset portfolios in the nation. With this move, Medical Properties Trust is now positioned to help CommonSpirit Health expand its presence in the state while receiving significant financial benefit from the rental fees. This deal also provides a strong addition to Medical Properties Trust’s already expansive portfolio of medical real estate assets across the country.
Price History
The announcement was met with mostly positive media coverage and MEDICAL PROPERTIES TRUST saw a jump in stock prices. The stock opened at $12.0 and closed at $13.1, representing 8.4% growth from the prior closing price of 12.1. This agreement is seen as a positive move for both MEDICAL PROPERTIES TRUST and CommonSpirit Health as it helps both companies to expand their services and increase profits. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MPW. More…
| Total Revenues | Net Income | Net Margin |
| 1.57k | 1.25k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MPW. More…
| Operations | Investing | Financing |
| 790.41 | -3.86k | 2.95k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MPW. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.04k | 10.21k | 14.74 |
Key Ratios Snapshot
Some of the financial key ratios for MPW are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 65.8% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale offers investors access to a comprehensive analysis of MEDICAL PROPERTIES TRUST’s fundamentals. Our Risk Rating gives an overview of MEDICAL PROPERTIES TRUST’s financial and business risk and categorizes it as a medium risk investment. Going into more detail, GoodWhale has detected two risk warnings in the balance sheet and cashflow statement. If you become a registered user, you can check out these details to learn more. With this tool, investors will have the necessary information to make informed decisions when it comes to choosing investments. More…
Peers
The company operates in the United States, Germany, and the United Kingdom. The company was founded in 2003 and is headquartered in Birmingham, Alabama. Healthcare Trust of America, Inc. is a real estate investment trust that invests in healthcare-related real estate assets. The company owns and operates healthcare facilities across the United States. The company was founded in 2006 and is headquartered in Nashville, Tennessee. Vital Healthcare Property Trust is a real estate investment trust that invests in hospitals and other healthcare-related properties in New Zealand and Australia. The company was founded in 2002 and is headquartered in Auckland, New Zealand. Healthcare Trust Inc is a real estate investment trust that focuses on healthcare-related properties. The company operates in the United States and Canada. The company was founded in 2010 and is headquartered in Boston, Massachusetts.
– Healthcare Trust of America Inc ($NZSE:VHP)
Vital Healthcare Property Trust is a real estate investment trust that owns and operates healthcare facilities in New Zealand and Australia. The company has a market cap of 1.52 billion as of 2022. Vital Healthcare Property Trust’s portfolio consists of hospitals, medical centers, and aged care facilities.
– Vital Healthcare Property Trust ($OTCPK:HLTC)
As of 2022, Healthcare Trust Inc has a market cap of 694.19M. The company is a real estate investment trust that invests in healthcare properties, including hospitals, nursing homes, and medical office buildings.
Summary
Medical Properties Trust (MPT) has recently leased its entire $1.2 billion Utah hospital portfolio to CommonSpirit Health for a record 2023 deal. This news has been met with positive media coverage and investors have responded accordingly with the stock price increasing on the same day. Analysts are optimistic about this transaction and see this as a positive move for MPT, as it is a sign of growth and sound investment prospects in the future.
This transaction should increase revenue and improve the company’s financial position as it continues to invest in healthcare real estate. Furthermore, MPT’s financial strategies and its history of successful leasing deals make it a desirable investment for those looking for long-term returns in the health care space.
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